Hudson River Teachers FCU is very pleased to offer college bound members the opportunity to save money, build good credit, and pay off their student loan faster through the innovative Smart Option Student Loan program. Designed to help shorten the amount of time it takes to pay off the loan, the Smart Option Student Loan requires interest-only payments made while in school and during the six month separation period to avoid capitalized interest. Students save money on interest, significantly reducing the total loan cost.